Bourse run of highs ends

Daily Dispatch - - Business -

THE JSE closed weaker yes­ter­day – its first day of losses in 10 ses­sions, dur­ing which it reached six record highs – as in­dus­tri­als and min­ers pulled back on the firmer rand.

Lo­cal data was up­beat. Min­ing pro­duc­tion in­creased by a sig­nif­i­cant 6.9% year on year in Au­gust‚ after in­creas­ing by 0.9% year on year in July.

Re­tail­ers, banks, fi­nan­cials and prop­erty stocks gained on the day after the rand strength­ened 0.40% to R13.45/$, month.

The all-share closed 0.04% lower at 57 747.30 points and the blue-chip top40 in­dex 0.17%. Plat­inums lost 1.46%, the gold in­dex 1.16%, re­sources 0.73% and in­dus­tri­als 0.15%.

Gen­eral re­tail­ers added 1.36%, food and drug re­tail­ers 1.05%, banks 0.94%, fi­nan­cials 0.80% and prop­erty 0.42%.

The rand held steady at firmer lev­els, last seen at R13.47/$. — DDC its best level so far this

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